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Spx500short

One week left for bears before moonshotEven though the downturn started a few days later than planned, it still met the expected drop. Wave A could have occurred until the end of trading on Friday, but it may have ended Friday morning at 1030. The red down arrows and one green up arrow are based on Intermediate Wave 3 lasting 46 days and with its move extending beyond Intermediate Wave 1's movement by 134.09%. These arrows are a rough projection of movement. There length may not line up perfectly but points moved are typically much more accurate. There are two possible tracks for the week. Option 1: Wave A may be in the early stages and have only completed wave 2 of wave A. This would drive the index down drastically at some point this week, before a bounce up and then more downward movement possibly with a bottom next week. A significant upward wave B would need to occur before the end of next week and then another week or too of significant drops until wave C finds its bottom. THIS COURSE IS UNLIKELY. I assess the next one to be most likely. Option 2: Wave A did in fact complete itself at 1030 Friday. This would mean it lasted roughly 18 30-minute bars instead of the projected 29. The projected top to bottom movement of Wave A was 246.25 versus the actual of 238.48. Wave B's projected move was 145.44 over 20 30-minute bars. With wave B's likely end, it only lasted 9 bars and climbed 105.51. Based on my analysis, B waves typically last around 75% the length of their wave As. This B wave would be half of that, which is not abnormal, but could mean wave B moves a little higher over the first 2 hours of trading on Tuesday. Wave C was initially projected to drop 223.11 over 33 bars. Wave C can still do this, especially if wave B moves up toward 3487 early on Tuesday. If wave B does not find a new top by 1130 Tuesday, wave C could be in full force. With wave B starting early by 22 30-minute bars, wave C could end early by 22 bars or more. The earliest end for wave C is 1030 Thursday. If wave B continues for a few more bars, wave C should find a solid bottom before 1430 Friday. It might be a little odd to sell during the course of a week, albeit it a shortened week, just to come off the bottom for the final 90 minutes of the week. A more likely action would be wave C's bottom earlier in the day Friday or the following Monday. Long-term projection is still on track for a rise to new all-time highs before mid-October, followed by 700-800 point decline through Mach 2021, and a massive rise to new all-time highs again before finally crashing in early 2022. We will see what happens. Keep checking back as we track this wild ride to the end in early 2022.
SP:SPXShort
by StockSignaler
8
Possibly 5 waves completed - Target 1500 SPXI think this is a good spot to look for long-term shorts, It looks to me like it's 5 waves completed. Price is going up to test supply, we have bearish divergence. Vix has climbed back up onto a nice long-term uptrend with a bullish hammer. I think price can get higher in the supply zone but this is a good r/r short, and this will be cancelled if price closes above supply but I don't think it will. Agressive 13 sell on the daily at major supply and trendline, I also think we're headed below the previous low, not sure what the catalyst will be but I think somethings coming unfortunately. Target - 1500 SPX
CME_MINI:ESU2020Short
by ghengiskahnspermshot
S&P500: Time To Buy Stocks?For those who trade stocks, the S&P 500 Index is an important gauge when it comes to timing. Novice traders and investors especially need to understand the relationship of relative strength between their portfolio or stock and a major index like the S&P. The concept is simple: S&P pushes new highs, your stock should be at least making an effort to follow along if not outperform, otherwise it can be "relatively" weak and become an ideal choice for getting short or getting out completely. Stocks or instruments in this situation? DE30EUR, IWM are just a couple on our short radar. So what can this S&P chart tell you now? A couple of IMPORTANT pieces of information: 1. The blue rectangle between 3400 and 3700 is the fake out zone. This is a proportional location where the S&P is highly likely to retrace. This zone has been in place since the March low. Buying stocks "because they look strong" or because "some expert on television said it was a buy" or even worse, "my dentist told me about it", particularly in this zone puts you in a HIGHLY vulnerable, LOW PROBABILITY position. With such a high risk of retrace, you are likely going to get caught at a potential short term market peak. We have been extremely cautious over the previous month with our stock picks, and always making sure to lock in profits when we can. 2. Buying back in TOO EARLY. So we have been WAITING patiently for this perfectly healthy and NORMAL bearish retrace. As soon as it starts, the first question I get, "Is now time to buy stocks?". IF this is the broader bearish retrace that we have been anticipating, then it is TOO early for swing trades and positions trades (the type of signals we share, NOT to be confused with day trades). Why too early? Aren't we at the 3400 support? Yes, buying activity appeared around that historical inflection point, and even attempted to produce a bullish pin bar. The problem is, with this magnitude of bearish momentum, this price action does not meet our criteria for price stability. IF the current candle low is taken out during the week, it will signal bearish momentum is still in control. The next inflection point from here is the 3050 area which is where we will be evaluating price stability next. With the U.S. election on the horizon, we are anticipating a broader market range from this point, NOT new highs. A range often takes the form of a large triangle and the lows of that formation are likely to establish themselves somewhere near the 3050 area. I could be wrong, but that is why we let the MARKET provide the information and we simply adjust to it. When we see: 1. high probability inflection point, and 2. price stability, followed by a clear setup where we can clearly define risk, we will then be looking for new swing trades and position trades in relatively strong stocks. WAITING for the right location, setup and risk criteria is what leads to a positive outcome over time, NOT reacting to news or other RANDOM information. Patience PAYS.
FOREXCOM:SPX500
by MarcPMarkets
3
S&P 500. P-Modeling Pt C. The Cybernetic Industrial Revolution Welcome Hyperspace Travelers... I have been eagerly awaiting you.. This is the long anticipated Part B 2.0 (C) of my S&P chart. In order to understand my Part A chart of the S&P500 . It is extremely necessary you go through all the snapshots of Part A. I warn you it is ungodly long. But if you want to understand more.. Please see Idea. PLEASE SEE IDEAs ABOVE BEFORE CONTINUING^^ This is Part B. It was released recently. But I decided to clean it up and re-release the corrections made. This is the SAME chart as PART A AND B.. These are all the SAME fractals used. This Idea is based on a 1 Hour Time-frame. Fractal Timing Error Allowance: No Allowance Left. (we used our error allowance Part A.) Timing Correction was 14 days, not 7 days.. Fractal Began Execution of narrative. Thus placement of fractal window is now open. Glitch channels are now placed. Little room for error. ___________________ In Part A (press play), you will see Except, I took that 2008-2013 sequence, inverted it and I scaled it by Cube -1. Please see placement of Yellow Global Fractal Line in Part A. This is the big yellow fractal I have sitting on the bottom half of that chart. 2008-2013 structure will be followed once more. Except we had to account for error. The placement of the original fractals were not moved in Part A and in Part B and Part B 2.0 (This one). The static fractals guide formation of the glitch channels. So I decided to Trade SPX 500, using UVXY. I have actively traded UVXY based off SPX 500. My entry was 19.6 and today we hit about $30.00 UVXY Target is $215. VIX is about $135 The inverse correlation between UVXY and SPX500 is < .96 > Extraordinarily powerful. See for yourself. _________________________________________________________________ Part A was legendary for me. I was able to bag some seriously awesome trades < Entry > @ 3003 & 3136 with a proper < Close >@ 3335 & 3368 respectively. However, I did unsuccessfully and prematurely call the 'top' multiples times after we had fallen to 2200 and had the First Stimulus Package rally. Too be honest, I am surprised we almost blew past 3400. That was incredible. But, looking at the laid path now.. I can see why. Furthermore, you must understand that dynamic time-series based analyses are continuous. The structure is simply laid out. I tried to be as clear as I could, but this formation is considered a Black Swan Event. A Black Swan Event is a cyclic reset of global asset classes in order to achieve a new baseline shift. Catalysts for the Black Swan Event: ______________________________________ -Wave Two of Covid-19. -Eviction Crisis -Systemic Bubble Collapse from Horrendous US Presidential and Congressional Policy. -Presidential Transition -Major Disruption of Industrial Chains from Covid-19. -Debt Crisis -Healthcare Crisis due to Covid-19. -Collapse of Economic Institutions ______________________________ SPX 500 Low: $1450 by Mid-November NASDAQ lows: $4000. BTC lows: $955 --Idea Active-- Global Black Swan Events will lead too... ____________________________ Major Transition of Power: It is my dearest held belief we are going to see the end of 2020 be a crazier time period than the start of 2020. Right now. It's Trump vs Biden. Horrible Choices. Thankfully, I deeply believe... Bernie Sanders will REPLACE Joe Biden and defeat Trump in the 2020 presidential election by a LANDSLIDE victory of almost 83%. Trump will be forcefully removed from the White House after his loss. Republican will lose both the House and Senate. Of course I simply eat too much acid, as everyone suspects and none of these events will come true. ;) or will it.. Come for the Art, Stay for the Laughs.. :) Buckle Up though... The spring into the 4th industrial revolution is upon us.. But first... The Execution of the Global Black Swan Event.. Happy Hunting.. Thanks for Pondering the Unknown with Me, Glitch420
SP:SPXShort
by Glitch420
38
Positive Correlation between S&P500 and VIX In the last few weeks, weird things are happening. We currently have a positive correlation between the S&P 500 and VIX, basically VIX grows with the S&P500 together. I used 20 days correlation, currently it's around 0.8, and it's quite high. Usually, you expect to see it around -1, and it makes sense. For the last few years, the correlation was above 0 only a handful of times nothing good happened after that. Last few cases of positive correlation: Jan 2018, May 2019, Jan 2020. What do you think? Can that we a sign of new correction? Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting. This post and/or the script don’t provide any financial advice.
SP:SPXShort
by QuantNomad
8
sell at 3449 with 3 tp within 48hsell #sp500 at 3449 with 3 tp within 48h ,so much overbough and #jacksonhole #symposium coming also there a bit euphoria with #china #tradedeal while it should be sell the rumour and #spx500 overperform #nasdaq #DowJones #usdjpy #eurusd #audusd #audjpy #uscad #xauusd #nzdusd also it can bed much more down make 2 separate lot and take profit on the first at tp 2 as exemple and let run the other with a manual trailing stop,like every 10 pts you down your stop wich you placed a bit down from the entry point for secure gain and no lost
OANDA:SPX500USDShort
by corsicasia
[SPX] Market Treasure Map: How We Get to 1550 in 2022!Prepare for a wild journey my friends! B) Coronavirus interrupted a massive 4-5 year Head and Shoulders pattern in the middle of the peak to create a Frankenstein Head and Shoulders Doubletop Megaphone pattern... a.k.a the MegaHead and Double ShoulderPhoneTM pattern. Now Price will fall back around left shoulder levels around major S/R. Coronavirus just sped up what was already in process... the 4-5 year pattern that fundamentally aligned with the expectation and likelihood of an oncoming recession in 2021 pre-COVID. So that pattern will be cut short and peak around the New Year. It is at this point... after the default (mortgage/auto/college), eviction, real estate and virus crises culminate in an ultimate crescendo (and maybe a banking crisis as well if we're lucky!)... we will steadily drop to ultimate market bottom in Spring 2022. We are in the midst of a massive bubble brought on by tax cuts for the wealthy and Big Business and the following massive Stock Buyback and Wealthy People Liquidity programs. Many big name trader people and a fair number of TView commonfolk have been calling for 1400-1600, even some exactly calling 1550 right at the strongest trend convergence point... I think this is a snapshot of some of the data they were basing those predictions on. The difference is the data is now revealing a potential period in time for this bottom. The red lines represent the top of the 38Y trend channel with a bit of overshoot. The purple line is the is the 38Y Market Baseline Trend. The magenta (?) horizontal lines are the strongest 20Y S/R channel and capture the 2Y peaks in both 1999-2000 and 2007-2008 and the 2011-2012 period. The white uptrend line is the strongest S/R for both those previous peaks and coincides exactly with the predicted bottom of the Megaphone pattern. As is typical with this pattern when it reaches the end, Price will fall even further below and be caught by the strongest 20Y S/R and 38Y Market Baseline Trend all converging with a major downward S/R (other white line). I think the gravity of this point on the market map is very high and the depravity we've seen our society degrade into will finally become too great to ignore and reach a breaking point. Sacrificing the People at the alter of Profit gets you some quick wins for the first few decades but it can't last forever. What is to be rebuilt, must first be torn down.
SP:SPXShort
by ProfitHarvest
35
SPX Pullback This Week Expected (600-1000ish pips)Short Term: Bear Long Term: Bull Unknowns: Fundamentals (Stimulus talks/reaction to gold creating instability in the dollar, Crude Oil Inventory Wednesday, Unemployment claims Thursday) For the past week and a half we've had a good bull run on the SPX. I myself made plenty of good trades and was able to hold the position and ride the wave. But I'm afraid it might temporarily be over. I've outlined the impulses/rallies in blue and the pullbacks in gold going back to June. After our last major resistance turned support (designated in the pink bordered box) that area was never retested once it left the building. After the big dip on the 11th creating and creating a new high on the twelfth, you can see the RSI and MACD see a shift in momentum. I drilled a little deeper into this segment here. SPX did not create a new high and side stepped the channel we've been following for the last two weeks. Which means another channel will be forming and I have the idea in the original chart. I believe we'll be following that channel probably making a few big drops along the way to the 3290-3280 area. Which would currently give us roughly 880 pips. What will be interesting to see is how it reacts with the 3330-3334 level. It is possible for that level to maintain support as it moves sideways. But I believe that is highly unlikely. Instead I believe it will drop through that level and retest for the sell down to the 3280 area. The two scenarios are loosely depicted below. What I'm personally hoping for is a quick/deep re-tracement bouncing off S/R levels along the way in which I will setup a sell down to the 3280 level for the major sell that would look something like this. Lastly I had to take a fibonacci re-tracement into consideration. The 3280 level sits just above the 618 re-tracement as is with the current high and 3280 being "1" fibonacci level. It would not be surprising If we see bullish action and a new All Time High (ATH) created around 3205 come Sunday/Monday that would then push that 618 re-tracement level up to match the 3280 level. This would be the ultimate trade scenario and such a scenario would be as follows. The one thing that could happen that I'm not considering is if we fall straight through that 3280 level. So I'm not going to worry about that. Thank you for checking out my analysis! Let me know what you think, please and thank you.
OANDA:SPX500USD
by BodiesXWix
Don't forget Gaps Traders, Here we have SPX on 4h chart. We have: 1- Overbought on RSI will lead to bearish divergence in the next few days to fill the gap before the black day of the crash. 2-Double bottom chart pattern that had broken neck line with TP 3231 "Nice level to resist this bull run. 3-After confirming Bearish divergence on RSI will have Major support at 89 MA and lower one at 200 MA which is located at the first GAP of Mid May If it all goes well I'll update this idea Like if you want updates. Regards,
TVC:SPXShort
by MohsenCapital
4